Northsight Corporate Center

Scottsdale, AZ

Address:   14400 North 87th Street

Year Built:   1999 / 2016

Building SF:   136,000 SF

Acquisition Date:   April 2024

Projected Hold Period:   3.0 Years


Acquired at an 8.2% cap on existing rent, $309 per rsf.
  • Premiere Class A office asset within the Scottsdale, Arizona metropolitan statistical area (“MSA”).
  • 100% leased to a tenant with a very strong balance sheet, weighted average lease term (“WALT”) of 9+ years, with no termination rights and annual rent increases.
  • Strategically serves as the regional extension to the Scottsdale headquarters of Vanguard, an $8 trillion+ AUM financial services firm and global leader in investment management, ETFs, and mutual funds with over 30 million investors across the globe.
  • Value-add investment returns for core-plus type risk profile with a steady income stream and attractive cash-on-cash returns.

Overview – Projected Project Level Returns


Projected IRR


Equity Multiple

3.0 Years

Hold Period